Tigo Energy shares surge 10.43% intraday after launching VPP-qualified GO Battery with enhanced storage features.

Tigo Energy surged 10.43% intraday after announcing the availability of its enhanced GO Battery with Virtual Power Plant (VPP) program qualification and performance improvements. The next-generation battery, which installs twice as fast and occupies 40% less space than the previous model, now integrates with EnergyHub and Uplight DERMS platforms, enabling participation in VPP programs. A partnership with Flip Energy allows seamless API-level integration for VPP eligibility, offering homeowners new revenue streams through grid services. Additionally, the company repaid a $50 million convertible promissory note ahead of schedule, strengthening its debt-free status. These developments highlight Tigo’s product innovation, market expansion into grid services, and improved financial flexibility, collectively driving investor optimism.